Question: Windsor Ltd . uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Calculate

Windsor Ltd. uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.
Calculate the estimated inventory at May 31, assuming that the gross profit is \(30\%\) of net sales.
The estimated inventory at May 31\$
Windsor Ltd . uses the gross profit method to

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